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There is a 75% chance of UB trending upwards

Based on past Germany Inflation Rate YoY Prel news events there is a 75% chance of UB trending upwards. We expect this to happen if the released value is > 1.4%. A price movement of 46 pips is expected.

Historical events that allowed us to draw this conclusion

03 Jan 13:00
27 Jun 12:00
30 Apr 12:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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